I have 0 or negative AGI while sometimes having gross income/earnings/gains in the millions I got auto-sent several stimulus checks of the max size, because Congress wrote it based on having an “AGI of $75000 and lower” or similar number. AGI is after most tax deductions
Back to the by design part, the primary goal was to keep velocity in the economy high, and that means getting it to people with a high spend
Fairness is not a factor at all
Our economy works from velocity not whether one has money. Hoarding is worse than spending, not saying that poorer people would hoard just how its not a factor. It was designed to make maximum spending
Someone prewrote it for congress they knew what they were doing while congress was just scared
I have 0 or negative AGI while sometimes having gross income/earnings/gains in the millions I got auto-sent several stimulus checks of the max size, because Congress wrote it based on having an “AGI of $75000 and lower” or similar number. AGI is after most tax deductions
Back to the by design part, the primary goal was to keep velocity in the economy high, and that means getting it to people with a high spend
Fairness is not a factor at all
Our economy works from velocity not whether one has money. Hoarding is worse than spending, not saying that poorer people would hoard just how its not a factor. It was designed to make maximum spending
Someone prewrote it for congress they knew what they were doing while congress was just scared